Oireachtas Joint and Select Committees
Thursday, 5 November 2020
Public Accounts Committee
2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund
11:30 am
Mr. Gary Tobin:
That is an interesting question. The UK has left the EU and we are now talking about an EU 27. A country's EU budget contribution is based on the percentage size of its economy relative to the entire EU's. Essentially all member states will have to absorb the fact that the UK will no longer be paying into the EU budget in the way it was. Interestingly, it is important to say that, depending on the ongoing Brexit negotiations, the UK may decide to remain in aspects of certain programmes. For example, it is well known that there has been some discussion about the UK remaining in the Erasmus+ programme. If the UK remains in certain programmes under a deal scenario, it could be envisaged that there would be certain payments by the UK into the budget in the coming years. However, the Deputy's overall point is accurate. The UK has left, so all other member states will have to pick up the-----
No comments